PayMate acquires digital lending platform Z2P to benefit SMEs

PayMate, India's leading pioneer in B2B payments acquires a digital lending platform Z2P (Zaitech Technologies Pvt. Ltd.) which provides hassle-free and real-time credit using social and banking data along with proprietary analytics and AI. The acquisition follows the announcement by PayMate of its B2B partnership agreement with Visa in February, 2018.

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"In today’s connected world, business transactions need to be as seamless and integrated as possible. The PayMate platform provides added convenience for our B2B customers to automate their business payments, providing a seamless experience. As the Indian market transitions into a digital economy, solutions such as these will play a key role in helping businesses embrace transition and embrace the world of digital commerce"

Ms. Chavi Jafa
Head, Business Solutions

"We at Freight Commerce, build technology tools that enable our stakeholders such as truck owners, brokers and logistics companies to make transactions simple, efficient and transparent. Through PayMate, we have managed to automate all our transactions diminishing our cashflow to a great extent. Our stakeholders also need working capital from time to time for which PayMate has been of great assistance"

Vrushali Nerurkar
Admin Manager

"We run Tatkal Banking Services and have more than 50,000 centres across India. Since we have a huge network of vendors & customers and have to make numerous payments, we were looking for a solution that will help us in processing multiple payments with a click of a button. While exploring options we came across PayMate and thought that it will be a perfect fit and opted for its API solution. We are now able to conduct real time settlements and also reconciliation which is of utmost importance"

Dr. Krishnat Channe
Director

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